Reimburse employee mileage expense

Legal101 Posts: 2, Reputation: 1

New Member

Mar 3, 2014, 10:09 PM

Reimburse employee mileage expense

Our company reimburses employees for IRS standard mileage.

What type of an expense account does the company use to classify this cost?

Can the company then take the tax deduction on the miles claimed?

Check out some similar questions!

Can my company reimburse me on my lease payments + gas + ins, etc instead of mileage? [ 1 Answers ]

I have a personal car lease of $500/month. I'm in outside sales and my company reimburses me via mileage (@.50/mile). Can the company instead reimburse me for my lease payments, gas, insurance etc? Let's say I use the car 75% of the for business purposes. Thanks!

C Corp Owner/Employee and Mileage Compensation [ 4 Answers ]

I own a C corp with two employees including me. My truck is used by the other employee for business purposes (pool cleaning) to the tune of 700-800 miles/ week. Can I pay myself the $.50/ mile weekly for the mileage and deduct this from the business and not pay any income tax on it? Also, my...

1099 Misc for Employee Mileage [ 1 Answers ]

1 - We have an employee who is paid mileage to and from our office and home. He's basically retired and he lives a long way from our office. Last year, it was decided to complete a 1099-Misc form for him. His reimbursement is all done on Expense Reports where he states the day and actual miles. ...

Mileage expense - Independent Contractor [ 4 Answers ]

Hello, here is my story. I worked for company A till Jan 06. Then I moved to company B n got laid off. Both of them in San Jose. After I got laid off, I left SJ and went back to my hometown at Sacramento. Half a month after I got laid off, company A needed a person for a 2 month project. So I...

View more questions Search

Check out some similar questions!

Add your answer here.